• Arunesh Kumar Gupta

Accounting is generally classified in three main branches financial accounting, management Accounting and cost Accounting. financial accounting is a process of recording, classifying, summarizing, analyzing and communicating of financial business transactions while management accounting can be defined as a process of providing financial and non-financial information to managers to make managerial decisions and cost accounting is a form of accounting that determines total cost of organization’s product by involving variable cost of each step of product as well as fixed cost. There are two way of costing one is called traditional techniques and another one is called modern technique of costing. In this paper we will know about modern techniques of costing which are frequently used within last decades. Motive of this paper is to understand modern techniques of costing. paper covers an overview of kaizen costing, target costing, Activity based costing and life cycle costing.

Costing, Kaizen costing, Target costing, Activity Based Costing, Life cycle costing

"An overview of modern Techniques of costing", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.390-396, June-2019, Available :http://www.jetir.org/papers/JETIR1908C49.pdf

"An overview of modern Techniques of costing", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp390-396, June-2019, Available at : http://www.jetir.org/papers/JETIR1908C49.pdf